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Here's how to save for your child who may need life-long care

Here's how to save for your child who may need life-long care

Finance
If you have a family member with a significant disability, you may be wondering how to care for her or him. Special needs trusts are an option but they often require substantial amounts of money — as much as $ 100,000 up front — and the services of a lawyer. A less expensive way of establishing a trust for a family member with special needs is the pooled trust, available to people with modest assets. Whether or not you have one of these special needs trusts, the ABLE account is another way to set money aside. Not only is it less expensive, it’s much easier. ABLE accounts are tax-advantaged savings accounts f...
With all odds against them, here's how rescuers pulled off 'miracle' Thai cave feat

With all odds against them, here's how rescuers pulled off 'miracle' Thai cave feat

World
The steel air tanks glittered under the beams of floodlights as a pair of rescuers defogged their masks and adjusted the straps. They checked their regulators one last time before embarking on what would become their most famous dive. In the jubilant aftermath of the successful rescues of 12 boys and their soccer coach, the Royal Thai Navy SEALs posted a video on Facebook Wednesday showing the miraculous mission as it unfolded over three days deep in the Tham Luang Nang Non cave in northern Thailand. The first diver wearing a helmet to avoid smashing his head against the mostly low roof the cave gripped a safety rope with a left gloved hand and vanished into the murky water flowing through the narrow passage of the cavern toward where the wayward group was marooned on a small beach. ...
Facing pension related problems? Here's how to complain to the government

Facing pension related problems? Here's how to complain to the government

Finance
If you are a central government pensioner who has been facing issues related to your pension and your grievances are not being resolved by the bank or government department despite your repeated complaints, then you can lodge your complaint on the www.pensionersportal.gov.in. This portal helps pensioners to raise their grievances with senior people in the concerned department in case they have received unsatisfactory responses so far or if they do not know who to approach regarding their pension related issues. To file a complaint on the portal, you must keep your Pension Payment Order (PPO) number handy to ensure that your complaint is quickly answered by the government. Follow the steps below to lodge your pension grievance. 1. Go the website, www.pensionersportal.gov.in and click on CPE...
Here's what the Amex court decision actually means for consumers

Here's what the Amex court decision actually means for consumers

Finance
American Express had its day in court — and won. The jury is still out for consumers, however. The Supreme Court ruled Monday that the card company’s “anti-steering” rules do not violate federal antitrust law. The rules prevent merchants from offering you discounts or incentives to use cards with lower "swipe" fees, like Visa or Mastercard. Amex has historically charged higher swipe or interchange fees to merchants than these competitors because it delivers wealthier cardholders who spend more money, the Supreme Court said. The fees that merchants pay to process Amex transactions fund the card company'...
Here's why most Americans tap their retirement savings early

Here's why most Americans tap their retirement savings early

Finance
Most people don't intend to raid their retirement accounts — and that's just the problem. Tapping your retirement dollars early is almost always considered taboo, although, at times, it can seem unavoidable. By far, the majority of Americans said they dipped into their retirement funds to pay off debt or bills, according to a recent report by GoBankingRates. The other most common reasons cited were to cover a financial emergency or medical expense. Less than 10 pe...